Jupai Reports Third Quarter 2018 Results
Jupai Holdings Limited American Depositary Shares, each representing six ordinary shares (JP)
US:NYSE Investor Relations:
jupai.investorroom.com
Company Research
Source: PR Newswire
SHANGHAI, Dec. 7, 2018 /PRNewswire/ -- Jupai Holdings Limited ("Jupai" or the "Company") (NYSE: JP), a leading third-party wealth management service provider, focusing on distributing wealth management products and providing quality product advisory services to high-net-worth individuals in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2018.THIRD QUARTER AND FIRST NINE MONTHS 2018 FINANCIAL HIGHLIGHTSNet revenues in the third quarter of 2018 were RMB310.6 million (US[1]$45.2 million), a 29.5% decrease from the corresponding period in 2017. For the first nine months of 2018, net revenues were RMB1,187.4 million (US$172.9 million), a decrease of 4.7% from the same period in 2017. (RMB '000, except percentages)Q3 2017Q3 2017 %Q3 2018Q3 2018 %YoY Change %One-time commissions265,00460.1%147,71847.6%-44.3%Recurring management fees90,69720.6%96,37931.0%6.3%Recurring service fees21,7314.9%10,1443.3%-53.3%Other service fees63,3
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